Day Ahead

Monday, June 10, 2013, Marketing Communication Opening Call The FTSE is called to open around unchanged on the open today UK Corporate Announcements Falkland Islands announces full year revenues of £35.6m up 4.4% Punch Taverns announces it has sold 246 pubs and some other assets for £84m and was on track to meet its full year profit expectations AstraZeneca announces it is to buy Pearl Therapeutics in a potential $1.15bn deal UK News The Times suggests that the Canadian led bid for Severn Trent may be dropped, if negotiations with the group do not start, under UK rules it has until June 11th to announce a formal intention to bid The Times writes today on how the Irish bailout costs the UK taxpayer an extra £10bn Policy Exchange suggests that the UK should return both RBS and Lloyds to private ownership by the end of next year, even if it were at a loss, also their are reports that the UK Treasury may consider a 10% sale of Lloyds this year ahead of a full privatisation next year The UK argues at the Luxembourg based EU Court of Justice tomorrow in a move to block the planned EU rules on short selling Which the consumer group suggests that the industry run service to protect against unsolicited marketing calls is not working and needs an overhaul UK Analyst Changes Bba Aviation Rated New Buy At Goldman, Pt 350P Betfair Raised To Buy Vs Neutral At Citi Electrocomponents Cut To Neutral At Credit Suisse Electrocomponents Cut To Neutral At Credit Suisse Findel Cut To Underweight Vs Neutral At Jpmorgan H&M Named A Least Preferred Stock At Citi, Replaces M&S Lancashire Raised To Add Vs Hold At Numis Premier Farnell Cut To Neutral Vs Outperform At Credit Suisse UK Insider Buying Amlin Plc, (AML), 1 insider(s) bought 2875 shares, £4 Batm Advanced Commun, (BVC), 2 insider(s) bought 462500 shares, £0.16 Cls Holdings Plc, (CLI), 1 insider(s) bought 314 shares, £9.73 Eleco Plc, (ELCO), 1 insider(s) bought 1000000 shares, £0.08 F&C Asset Management, (FCAM), 1 insider(s) bought 50000 shares, £0.96 Fastjet Plc, (FJET), 1 insider(s) bought 1000000 shares, £0.01 Fisher (James) & Sons P, (FSJ), 1 insider(s) bought 1554 shares, £9.58 Greencore Group Plc, (GNC), 1 insider(s) bought 25000 shares, £1.34 Guinness Peat Group P, (GPG), 1 insider(s) bought 20000 shares, £0.22 Moss Bros Group Plc, (MOSB), 2 insider(s) bought 287588 shares, £0.58 Rolls-Royce Holdings, (RR/), 6 insider(s) bought 954 shares, £11.62 Uk Mail Group Plc, (UKM), 1 insider(s) bought 1177 shares, £5.1 UK Insider Selling Amerisur Resources Plc, (AMER), 2 insider(s) sold 9000000 shares, £0.48 Senior Plc, (SNR), 1 insider(s) sold 8754 shares, £2.64 Sound Oil Plc, (SOU), 1 insider(s) sold 30000 shares, £0.1 Wood Group (John) Plc, (WG/),  insider(s) sold 11613 shares, £8.16 Yougov Plc, (YOU),  insider(s) sold 213000 shares, £0.7 FTSE 100 Movers Major European Companies Reporting None Detailed European Market Summary BNP Paribas is reportedly looking to merge its US operations as it looks to offset the impact of increased US regulations on foreign banks Germany’s top court is not expected to intervene in the ECB bond buying plan, as it reviews the program outlined by the bank Merkel states that the other euro nations need to follow Germany’s lead in tightening their budgets and reforming labour markets Elan Corp announces today that it has rejected the revised tender offer from Royalty Pharma stating it continues to grossly undervalue the business Germany sells €4bn in Bills at 11:00 and France sells €8bn in Bills at 14:50 Global Market Footprint Major US Stock Movers After Hours There were no major movers after hours on Friday S&P 500 Companies Reporting None Detailed US Market News Edward Snowdon is the name in the headlines as the name of the ex-CIA employee who leaked the recent story about NSA and phone records and calls out that he intends to ask for asylum from ‘any countries that believe in free speech and oppose the victimisation of global privacy’ Google is reportedly taking a look at buying Waze the online mapping company for $1.1bn Berkshire Hathaway is reportedly looking at assets of Unipol Overnight Market News The Nikkei gained over 3% overnight as the buyers return following the recent selling snap, buoyed by the positive US jobs numbers Japan’s GDP gained 4.1% in Q1 ahead of the forecasts of a 3.5% rise China has approved Huaan Asset Management to run a domestic ETF backed by gold Softbank is reportedly in talks with Deutsche Telekom over a deal for its T Mobile USA unit Daimler details it plans to cut IT spending by €150m/year by the end of 2016 Top FX The Indian rupee has dropped to a record low of 57.34 Top Commodity Sources suggest that Brazil’s JBS SA the world’s largest meatpacker, is to pay as much as $3bn for poultry unit of rival Marfrig Alimentos Economic Data Due 00:50 Japan Q1 Annualised GDP, 3.5% exp. 3.5% previous 09:30 Eurozone June Sentix Investor Confidence, -10.3 exp. -15.6 previous Economic Events Van Rompuy speaks in Brussels Japan GDP CFD Sales/Traders 0044 (0) 207 894 8883 cfdsales@cantor.com Equity Spread Bet Sales 0044 (0) 207 894 8800 sales@cantorcapital.com Footnotes FTSE 100 Call as at 6:45am Analyst Changes, as at 6:30am Times given are UK Local Time, (GMT or GMT +1 during BST) Insider Deals data compiled from Director/PDMR Shareholding forms published in the past 24 hours (ex weekends). 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